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1) On January 1, 2021, IT Corp. signed a short-term lease for office space at P300,000 per year. The lease includes a provision for additional

1) On January 1, 2021, IT Corp. signed a short-term lease for office space at P300,000 per year. The lease includes a provision for additional rent of 5% of annual company sales in excess of P2,000,00...

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